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petitions. they did not threaten third- party movements. in a nutshell, what ronald reagan understood was a conservatism was not defined by its resentment. but which actually had a smile on its face. much like reagan himself. that is why it into a curious sort of way, it seems republicans, not out of breath out -- not out of nostalgia am i think for conservatives you can do a lot worse thing go back and look at the real reagan. the pragmatic reagan. the reagan who was willing under certain circumstances to raise taxes. the reagan willing to put dick on his ticket in '76 or george bush four years later. >> the tax policies that some precedent. do you think the fiscal cliff and the presence of the debt ceiling are enough to overcome this culture of obstruction? >> i am not sure it will overcome the culture of destruction. that is in many ways an outgrowth of the political system that we have built. on the other hand, you may not have to overcome the culture of obstruction. only have to pick up -- pick off x number members of congress. >> he said it was time for republicans to stopping t
, stagflation. in 1980, a very, very different president got elected. ronald reagan like barack obama inherited a struggling economy. and reagan implemented policies 180 degrees opposite those of obama. instead of jacking up taxes, he slashed taxes. instead of exploding spending and the debt, he restrained the growth of spending and instead of unleashing the hounds of regulators, by the way, when i think of regulators, i can't help thinking of mr. burns saying "release the hounds!" [laughter] >> instead of releasing the hounds of regulators on small businesses and entrepreneurs, reagan limited regulation and the result was one of the most extraordinary bursts of economic productivity our nation has ever seen. the fourth year of reagan's presidency was 1984, the same as the fourth year of obama's presidency. anyone know what g.d.p. growth was in 1984, 7.2%. our ideas work. their ideas don't. if you want growth, if you want jobs. if you want the 23 million people struggling to find work to get jobs, the answer is simple. you need growth and to get growth, you got to reduce and simplify the tax bu
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